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District finance director says new high school remains on time and on budget; five-year forecast improves after local income-tax increase
Summary
District finance staff presented the monthly financial report and five-year forecast, reporting that the new high-school project remains on schedule and on budget and that the community pproval of a local income-tax supplement improved projected cash balances; the board approved the forecast.
A district finance staff member identified as Matt presented the district's monthly financial report and five-year forecast at the board's Oct. 15 meeting, reporting that the new high school construction bid activity produced expected pricing and the project remained "on time and on budget." After the presentation, the board voted to approve the forecast.
What the presentation covered - Construction and schedule: Matt said contractor bids for the new high school attracted reputable firms and came in on par with expectations; building foundation work was scheduled to start within two weeks and steel erection would follow. He reported the new parking lot is installed and that crews would begin foundation and masonry work shortly. - Short-term finances and monthly results: for the month of September the district collected approximately 99% of projected monthly revenue…
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